Computerised Accounting in an ERP System

Running head: ESSAY 0
COMPUTERISED ACCOUNTING IN AN ERP SYSTEM
JUNE 11, 2019
STUDENT DETAILS:

ESSAY 1
S/4HANA offers the software in a world of business. As SAP’s flagship ERP solution, the
S/4HANA includes hybrid, cloud, and on-place deployments. S/4HANA provides 25
industry’s verticals. In 2018, like the ERP Technology Value Matrix, S/4HANA is
considered as the platform where SAP provides the innovative technical innovation in ERP
space facilitated through SAP Leonardo, like mechanical education and analytical analytic.
There are various advantages of the new abilities provided by the SAP. The functionality of
S/4HANA has enabled the corporations to go ahead in the competition and also enabled the
business procedures, which were not possible over the traditional technologies. For all the
clients, a business matter that was driving the application was the requirement to
consolidating and eliminating the silos amongst the company’s fields. The maximization of
ROI was not considered as encouraging element behind a shift to S/4HANA through the
clients. Also the customers were searching to change the various components of the business
to operate very effectively and run with prolonged ability to ease the development planning
of the company.
SAP Simple Finance (S/4 HANA Finance) is very significant module to accomplish SAP
Finance as well as accounting driven by SAP HANA. This is utilised to execute the financial
functions as well as accounting in the real-time. It is also utilised to report with the help of BI
tools. It is also useful in examining the financial position of the company in a marketplace. It
is very essential to know the fundamentals of SAP Simple Finance and to know the process
of dealing with the numerous sub-modules as well as modules. This essay describes
background of SAP S/4HANA finance, its advantages, as well as differences between present
SAP ERP FICO and SAP S/4HANA Finance. In the following parts, the issues faced by the
corporations in transferring to SAP S/4HANA Finance is discussed and assessed.

ESSAY 2
SAP S/4HANA Finance means to the financial application in SAP S/4HANA ERP stage. It
has a set of relevant and related financial administrative processes that provides the real-time
data from ERP application (Salmon and Wild, 2016). The SAP S/4HANA Finance is related
to S/4HANA. The SAP S/4HANA is made on SAP HANA in-memories recording platform.
In this way, it is a SAP ERP 6.0 suite that is completely capable to operate upon the SAP
HANA database. The main key components of the earlier FI/CO suites have recorded so that
they can have advantages related to the prospective of SAP HANA (Burns, 2018). Hence,
within 10 years, there would be permanent improvements as well as preservation that will be
searched in a SAP business suite ‘ECC’. It is very useful for various corporations everywhere
in the world and after development of SAP HANA database, the business suite develops in
better manner in some difficult cases. The best present solutions made for SAP
S/4HANA would be justified for the operation in a suite as well, for example, the SAP
Fiori self-service scenario. It will be good to stay in SAP S/4HANA business suite for the
expected upcoming period.
Further, the different structures are available after this. In relation to the data model ease, an
in-memory database of SAP HANA makes able the completely dissimilar application
structural design as well as the innovative concept. Even though the utmost commercial
functionalities of the SAP HANA business suite is going to be carried over SAP S/4HANA,
in company with these operations, the different innovative workflow, better transactional
amounts, actual-time analytics over transactional information, outstanding suppleness when
differing reporting structure and also an actual time imitation of a condition related to
business are achievable. Therefore, these functions are covered in totally different user’s line
as well as an innovative context made for the alterations and extension. For coping up with
the new needs or provisions of a digital age, SAP S/4HANA would be increasing at
improving at the various speeds. The SAP is primarily making efforts in relation to hybrid

ESSAY 3
system for data administration, transactional processing over the conventional relational
database based on disk, reporting with the outmoded copy of information in-memory through
using the columnar stores by the SAP Business through the design. Apart from these different
outcomes, this is clear that in upcoming period, there should be the system wherever all the
information kept completely in a memory, with the help of single copy of information in the
columnar stores or the transactional processing are created tremendously easy.
In addition, SAP HANA is the in-memory, column-based, interpersonal database
administration system established as well as marketed through SAP. The main aim of the
database server is to stock as well as save information as requested through application
(Umar, et. al, 2018). Additionally, SAP FICO is known as financial accounting along with
controlling. It is very significant module of Enterprise resource planning. Therefore, financial
accounting along with controlling modules stores the information related to the financial
dealings. There is a difference between SAP HANA and SAP FICO. SAP HANA is normally
reporting tool in SAP and this is the practical module. On the other hand, SAP FICO is the
practical Module in which one can handle all the functions in relation to the accounts. This is
united with numerous modules such as SD, PP, and MM (Pattanayak, 2017). Moreover, a
major differentiator of SAP S/4HANA is its exclusive way, which is quite dissimilar from the
common interrelated database. It runs in-memory, with stored column-data, allowing for
earlier, near to real-time analytic and determines the abilities. Going away from clearly
recorded information, SAP/S4 HANA highlights on providing end user dynamic decision
support in a real period that is data-driven as well as regards outer information sources and
inner data sources. Most significantly, SAP S4/ HANA authorises the entities to work
without a flaw in a numeral economy. It has major driving elements for a business using SAP
ERP on the period, to extremely start observing the benefits of business of S4 HANA and